The public record of our measurements.
Africa’s stablecoin economy, measured wallet by wallet and published with the method attached. Every figure here is dated, permanent and traceable to an on-chain sweep — not a survey, not a self-reported number, not an estimate. Free to cite with attribution.
Every note, newest first
55 notes · 18 milestones · 13 coverage notes · 9 recaps · 13 analyses · 2 Gradient notes
- CoverageEffective 24 August 2026
Accrue, Daya Pro and Grey Finance are live — plus a coverage page
Three venues enter coverage with history backfilled: Accrue to March 2023, Daya Pro, and Grey Finance. Timon now counts PYUSD and BUSD. And there is a coverage page that shows, per venue, how far back our mapping actually reaches.
17venues in coverage - RecapWeek of Aug 17 – 23, 2026
Weekly recap: $15.46M, a record almost nobody turned up for
Retail volume hit an all-time high of $15.46M, up 20.5%. Deposits and active wallets both came in below last week. One venue's 41 addresses account for 91% of the rise, and the native layer moved 178% more value across 41% fewer transfers.
$15.46Mretail volume, week of Aug 17 – 23 - MilestoneWeek of Aug 10 – 16, 2026
The most deposits we have ever recorded in a week
Volume, deposits and active wallets all set all-time highs in the same week. Deposits beat their previous record by 9.4% while volume beat its by 1.3% — the growth came from participation, not from bigger transfers.
112,944deposits, week of Aug 10 – 16 - CoverageEffective 10 August 2026
Spenda is now an AfriFlux customer. Here's what that changes.
Spenda has taken an AfriFlux enterprise workspace. Spenda is also the second-largest venue in our coverage, and we publish its numbers every Monday. This is the disclosure, and the standing policy that goes with it.
21.6%Spenda share of measured volume - RecapWeek of Aug 10 – 16, 2026
Weekly recap: $11.32M, the biggest week we've measured
Retail stablecoin volume reached $11.32M, an all-time high. Deposits and active wallets set records too — and deposits beat their previous best by 9.4% against volume's 1.3%, so the week grew on participation rather than on size.
$11.32Mretail volume, week of Aug 10 – 16 - AnalysisAs of 10 August 2026
We mapped Grey Finance: one rail, two products, $60.29M
Grey announced $61.4M in Business volume. We mapped the wallets instead — 39,403 deposit addresses carrying $60.29M, with Personal and Business running on one shared on-chain rail. On the AfriFlux Gradient the combined footprint enters at #1 among the neobanks we track.
$60.29Mcustomer deposits mapped - Analysis1 June – 9 August 2026
Chipper's volume grew 564%. Its users fell 28%.
Chipper's weekly volume is up 6.6x in ten weeks while its active wallets fell 28% and its deposit count fell 23%. The average deposit went from $100 to $862. Something changed in who is using it, not how many.
$100 → $862Chipper average deposit, 1 June to 9 August - MilestoneWeek of Aug 3 – 9, 2026
Chipper crosses $1M for the first time in 228 weeks
Chipper cleared $1,104,595 — its first week above a million dollars in 228 weeks of history. It came within $907 of the mark in December 2024, then fell back for 87 weeks. The week also takes third place from Breet.
$1.10MChipper retail deposits, week of Aug 3 – 9 - CoverageWeek of Aug 3 – 9, 2026
cNGN goes live on Celo, and $440k lands in four days
Convexity's cNGN deployed to Celo, its ninth chain, and is already in our coverage. It moved $440,363 in its first four days — but across 110 transfers averaging $3,732, which is liquidity being placed rather than people transacting.
$440,363cNGN on Celo, first four days - CoverageEffective 10 August 2026
Payrit added to coverage, and prior weeks restated
Payrit enters coverage as our 14th venue with history backfilled to June. A separate attribution revision moved prior weeks upward: the week of 27 July now reads $11.04M against the $10.69M published at the time, most of it a re-attribution on Quidax.
14venues in coverage
What we commit to on every note we publish.
Attributed, not estimated
Every figure traces to an on-chain sweep of addresses we have verified and labelled, wallet by wallet. Nothing here is extrapolated from a survey, a funding round or a company’s own disclosure.
Stated, or it doesn’t publish
Each note carries a method statement naming what was measured and what was excluded. A note without one fails the build. See the methodology for attribution, clustering and sweeps.
Revised in the open
A published figure is never silently edited. When one changes, the note carries a dated correction and the original stays legible. A visible correction record is an asset, not an embarrassment.
Free to cite with attribution. No embargo, no approval, no email required — in an article, a filing, a deck or a paper. Every note carries a ready-made citation, a BibTeX entry and the attribution line to copy. Machine-readable via RSS.